Carl N. Scibetta Sells 5,415 Shares of Shoe Carnival, Inc. (NASDAQ:SCVL) Stock

Shoe Carnival, Inc. (NASDAQ:SCVLGet Free Report) EVP Carl N. Scibetta sold 5,415 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $35.45, for a total value of $191,961.75. Following the completion of the sale, the executive vice president now owns 118,077 shares of the company’s stock, valued at $4,185,829.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shoe Carnival Price Performance

NASDAQ:SCVL opened at $36.64 on Friday. The firm has a market capitalization of $992.94 million, a PE ratio of 13.67 and a beta of 1.54. The business’s fifty day moving average price is $30.22 and its 200 day moving average price is $26.87. Shoe Carnival, Inc. has a 12 month low of $19.24 and a 12 month high of $37.08.

Shoe Carnival (NASDAQ:SCVLGet Free Report) last posted its earnings results on Thursday, March 21st. The company reported $0.59 EPS for the quarter, meeting the consensus estimate of $0.59. The firm had revenue of $280.20 million for the quarter, compared to analyst estimates of $280.30 million. Shoe Carnival had a return on equity of 13.17% and a net margin of 6.24%. Shoe Carnival’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.79 earnings per share. As a group, equities analysts anticipate that Shoe Carnival, Inc. will post 2.65 EPS for the current year.

Shoe Carnival Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Investors of record on Monday, April 8th will be issued a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Friday, April 5th. This is a positive change from Shoe Carnival’s previous quarterly dividend of $0.12. Shoe Carnival’s dividend payout ratio is 17.91%.

Hedge Funds Weigh In On Shoe Carnival

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Shoe Carnival by 4.6% during the fourth quarter. Vanguard Group Inc. now owns 1,367,806 shares of the company’s stock worth $41,321,000 after purchasing an additional 59,692 shares during the last quarter. Barclays PLC grew its holdings in shares of Shoe Carnival by 19.9% during the fourth quarter. Barclays PLC now owns 32,132 shares of the company’s stock worth $971,000 after purchasing an additional 5,328 shares during the last quarter. Voya Investment Management LLC purchased a new position in shares of Shoe Carnival during the fourth quarter worth about $233,000. Nuveen Asset Management LLC grew its holdings in shares of Shoe Carnival by 0.4% during the fourth quarter. Nuveen Asset Management LLC now owns 101,337 shares of the company’s stock worth $3,061,000 after purchasing an additional 361 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its holdings in shares of Shoe Carnival by 68.1% during the fourth quarter. Public Sector Pension Investment Board now owns 37,474 shares of the company’s stock worth $1,132,000 after buying an additional 15,175 shares during the last quarter. Hedge funds and other institutional investors own 66.05% of the company’s stock.

Wall Street Analyst Weigh In

SCVL has been the subject of several analyst reports. Monness Crespi & Hardt lowered Shoe Carnival from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 19th. Williams Trading upgraded Shoe Carnival from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Friday, March 22nd.

Check Out Our Latest Analysis on Shoe Carnival

About Shoe Carnival

(Get Free Report)

Shoe Carnival, Inc, together with its subsidiaries, operates as a family footwear retailer in the United States. The company offers range of dress, casual, work, and athletic shoes, as well as sandals and boots for men, women, and children; and various accessories. The company also sells its products through online shopping at shoecarnival.com, as well as through mobile application.

Further Reading

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